Retirement Strategies Built for Greater Certainty

Retirement planning is about more than reaching a certain account balance. It is also about determining how your savings can support your lifestyle and provide reliable income throughout retirement.

Palmetto Assurance helps clients explore insurance-based retirement solutions, including annuities, as part of a broader retirement strategy.

Protecting Retirement Assets

Market changes near or during retirement can create uncertainty. Certain annuities can help protect a portion of your retirement assets from market loss while providing opportunities for tax-deferred growth.

Creating Retirement Income

Depending on the product selected, an annuity may be structured to provide income for a specific period or income that cannot be outlived. We’ll explain how the available options work, including their guarantees, restrictions, costs and access to funds.

A Strategy Built Around You

Before recommending a solution, we’ll discuss:

• Your expected retirement timeline 
• Current retirement accounts and income sources 
• Comfort with market risk 
• Future income needs 
• Liquidity and access to funds 
• Legacy and beneficiary goals

An annuity may be useful for a portion of your retirement assets, but it should not automatically be used for every dollar. The goal is to find an appropriate balance between protection, income, growth potential and access to your money.

Annuities are insurance products designed for long-term financial objectives. Guarantees are backed by the claims-paying ability of the issuing insurance company. Withdrawals may be subject to surrender charges and income taxes. Withdrawals before age 59½ may also be subject to an additional federal tax penalty.